Conventional wisdom and perceptions in arbitral proceedings
Although the principles which constitute conventional wisdom are intended to be universal and are theoretically esteemed for their acceptability, international arbitration practice shows that despite a general consensus as to the formulation of certain principles, the perception of the way in which they should apply is likely to be influenced by the background of the party representatives or arbitrators.(1) Legal backgrounds The legal background of an arbitrator or counsel often influences the...
Source: internationallawoffice.com